Pro Farmer's Daily Advice Monitor
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- Sept. 26: No changes.
- Sept. 23: No changes.
- Sept. 22: No changes.
- Sept. 21: No changes.
- Sept. 20: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn |
|
|---|---|
|
Cash-only marketers |
2022 crop: 50% sold for harvest delivery 2023 crop: 0% sold |
|
Hedgers — cash sales |
2022 crop: 50% sold for harvest delivery 2023 crop: 0% sold |
|
Hedgers — futures/options |
No positions |
|
Wait on an extended rally to advance 2022-crop sales. |
|
Soybeans |
|
|
Cash-only marketers |
2022 crop: 60% sold for harvest delivery 2023 crop: 0% sold |
|
Hedgers — cash sales |
2022 crop: 60% sold for harvest delivery 2023 crop: 0% sold |
|
Hedgers — futures/options |
No positions |
|
Get current with advised sales. |
|
Wheat |
|
|
Cash-only marketers |
2022 crop: 85% forward sold 2023-crop: 30% forward sold for harvest delivery next year |
|
Hedgers — cash sales |
2022 crop: 85% forward sold 2023-crop: 30% forward sold for harvest delivery next year |
|
Hedgers — futures/options |
15% hedge in Dec. SRW futures at $7.83. |
|
Get current with advised hedges. Wait to advance cash sales. |
|
Cotton |
|
|
Cash-only marketers |
2022 crop: 70% forward sold for harvest delivery 2023 crop: No sales advised |
|
Hedgers — cash sales |
2022 crop: 70% forward sold for harvest delivery 2023 crop: No sales advised |
|
Hedgers — futures/options |
30% 2022-crop hedge in December futures at 99.58 cents. |
|
Get current with advised sales and hedges. |
|
|
Livestock |
|
Cattle |
|
| 3rd qtr. 2022 | 0% |
|
4th qtr. 2022 |
0% |
|
1st qtr. 2023 |
0% |
|
2nd qtr. 2023 |
0% |
|
Continue to carry risk in the cash market. Be prepared to hedge an extended rally in December live cattle. |
|
Hogs |
|
| 3rd qtr. 2022 | 0% |
|
4th qtr. 2022 |
0% |
|
1st qtr. 2023 |
0% |
|
2nd qtr. 2023 |
0% |
|
Traders are overly pessimistic toward fall- and winter-month contracts. Hedging at steep discounts to the cash market is not advised. |
|
Feed |
|
|
Corn |
|
| 3rd qtr. 2022 | 0% |
|
4th qtr. 2022 |
0% |
|
1st qtr. 2023 |
0% |
|
2nd qtr. 2023 |
0% |
|
You are hand-to-mouth on all corn-for-feed needs. current prices are attractive but wait on signs the downside is exhausted before extending coverage. |
|
|
Meal |
|
| 3rd qtr. 2022 | 0% |
|
4th qtr. 2022 |
0% |
|
1st qtr. 2023 |
0% |
|
2nd qtr. 2023 |
0% |
|
You are hand-to-mouth on soybean meal needs. Be prepared to extend coverage on an extended pullback. |
